Race horse punters across the United States are now able to watch live broadcasts of Hong Kong racing in their homes, and bet directly into Hong Kong pari-mutuel pools via the online services offered by TVG, one of the biggest horseracing networks in the world.
The Hong Kong Jockey Club has signed a multi-year deal with TVG, which has a television network of more than 36 million US homes, and is the largest legal internet betting provider for horse races in the US.
All bets from the US will be included in the Hong Kong pools, which currently average well over HK$120 million (US$15m) per race. John Hindman, General Counsel of TVG, says the deal means US bettors can now bet on quality horse racing twice a week into pools of a size that until now they have only seen two or three times a year, on big US race days.
"We know that horse racing customers in America like large pools with large quality fields of horses to watch and wager on," he said. "We are thrilled to deliver access to some of the best product available anywhere in the world to meet those desires.
The bet types that will be offered initially by TVG are Win, Place, Quinella and Tierce, which between them account for about 70% of the total HKJC turnover.
The TVG deal is part of the HKJC plan to give punters throughout the world access to Hong Kong racing.

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